Stellar (XLM) closes the week with a 30% rise due to its arrival in the heart of Wall Street

Stellar (XLM) shows strength in an adverse context for the market due to the fall in the price of bitcoin (BTC) and stands out as the asset with the best weekly performance within the top 100 by capitalization.

From May 23 to 29, The price of XLM went from 0.146 to 0.214 dollars, representing an increase of 46.6%.

Chart showing the price of stellar.Chart showing the price of stellar.
XLM quote in the last 7 days. Fountain: CoinMarketCap.

The main catalyst behind this great performance was the announcement made on May 27 by the Depository Trust & Clearing Corporation (DTCC) and the Stellar Development Foundation.

CriptoNoticias reported that DTCC plans to enable the tokenization of US financial assets on the Stellar network during the first half of 2027.

The news has special weight because DTCC is considered “the heart” of Wall Street. The entity participates in the clearing, settlement and registration processes of financial operations in the United States and supervises more than 114 trillion dollars in capital markets.

In fact, the CEO of the Stellar Development Foundation, Denelle Dixon, highlighted the relevance of the agreement.

Stellar’s compliance-focused architecture, open infrastructure, and risk management capabilities are aligned with market demands and expectations. Our network was created for this moment: we have always believed that the usefulness of blockchain for finance lies in being the rail that institutional markets can trust.

Denelle Dixon, CEO of the Stellar Development Foundation.

According to the joint statement between Stellar and the DTCC, the initiative will allow traditional assets such as U.S. stocks, exchange-traded funds (ETFs), Treasury bills and bonds, and even stock indices like the Russell 1000.

The proposal seeks to offer faster settlements, greater asset mobility, expanded trading hours and lower operating costs, while maintaining the same legal protections that traditional securities currently possess.

Stellar is already gaining ground in tokenization

The announcement comes at a time where Stellar is already positioned as one of the most relevant ecosystems within the tokenized asset market.

Data from Token Terminal shows that tokenized funds hosted on Stellar reach an all-time high (ATH) close to $1.9 billion in assets under management.

Chart showing that tokenized funds on the Stellar network are at historic levels. Chart showing that tokenized funds on the Stellar network are at historic levels.
Tokenized funds on Stellar reached $1.9 billion. Fountain: Terminal Token.

The main administrators of these funds are Franklin Templeton and Spiko, two firms that already use the network to issue tokenized financial products.

This trend is especially important because tokenization has become one of the strongest narratives in the financial sector during 2026. The objective is to represent traditional assets through digital tokens that can be traded on infrastructures based on the technology provided by cryptocurrency networks.

Social interest in XLM also skyrocketed

And in this context, XLM was the topic of conversation on social networks. Data from Santiment, an online data analysis firm, show that Mentions related to this asset multiplied tenfold in the 24 hours following the communication with DTCC.

Chart showing Stellar social media mentions.Chart showing Stellar social media mentions.
Mentions related to stellar multiplied starting May 27. Source: Santiment.

As seen, the green line represents the price of XLM. And the purple bars at the bottom show the hourly social volume, that is, the number of mentions about stellar or XLM recorded in networks and platforms monitored by Santiment.

Although the chart shows a sharp jump in market attention, these types of metrics should be analyzed with caution. An increase in mentions on social networks does not necessarily imply an equivalent increase in real investor interest, since it can be influenced by automated activity, bots, coordinated campaigns or short-term speculative movements.

Even so, The market appears to have interpreted the announcement as an important institutional validation for Stellar.

Source link

Leave a Comment